Revenue loss from uncollected strata titles

Wrong move: Owners do not collect the titles because they are already enjoying the property and see no reason to fork out additional money to do the necessary to procure them, despite they being proof of ownership. —Bloomberg

AS a result of owners not collecting their strata titles, which involve stamp duty payments and registration fees, the government is not receiving revenue, which may run into millions of ringgit, in a timely manner.

Real Estate and Housing Developers’ Association says this is an old issue. While the government will not lose this revenue, it is a question of when.

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